MNY Money3 the omen tip

**winner69** · 23-12-2014, 10:49 AM

Hey Birman - you didn't have to go looking for those dividends and get into trouble

http://www.stuff.co.nz/life-style/ch...k-in-a-chimney

Does say Bengal but close enough to Birman

Hope little puss is OK and gets to his first birthday on Saturday

Merry Christmas anyway Birmanboy - enjoy your posts

**skid** · 23-12-2014, 11:02 AM

Originally Posted by winner69

Hey Birman - you didn't have to go looking for those dividends and get into trouble

http://www.stuff.co.nz/life-style/ch...k-in-a-chimney

Does say Bengal but close enough to Birman

Hope little puss is OK and gets to his first birthday on Saturday

Merry Christmas anyway Birmanboy - enjoy your posts

They did it for the Money.

**winner69** · 23-12-2014, 11:08 AM

I am so so glad Money is all OK .... hope they go to Masterpet and get some special food and toys for him

Maybe a good omen for Money3 on the ASX

**NZSilver** · 26-07-2016, 12:22 PM

I've bought a holding of MNY - reasons;

Low PE and good div + GROWING EPS, fundamentally very sound business and on very undemanding multiples + plenty of cash.
Downtrend broken now in Uptrend.
This businesses has really niche (mainly car lending) and is competitive with other lenders in this category like banks.
Most of MNY's rev and profit comes from secured vehicle loans (approx 60%), while a small proportion come from unsecured personal loans.
The unsecured personal loans are where all the uncertainty is regarding regulation. (cf Cash converters where most of there rev/profit comes from unsecured personal loans - hence more uncertainty and a continued low SP - but one to watch once regulation announcement)
As one well respected person who has now left sharetrader mentioned; tighter regulation will push out small private operators leaving the big guys to pick up more market share, so there is possible growth re personal loans.

What I like - fundamentals, growth, solid long term prospects (unfortunately people will always need loans as not many can save), SP is uptrend.

Risk is regulation changes re personal loans - might take short term hit but long term it could actually gain greater market share.

**bull....** · 26-07-2016, 12:26 PM

yes I have holding too very cheap to intrinsic value, 2 dollaars if they announce a great report next mth I hope

**NZSilver** · 26-07-2016, 12:49 PM

Glad i have good company! Admin can this thread please be moved to ASX forumn

**Joshuatree** · 26-07-2016, 01:48 PM

Me too holding from re 95c. Good little summary NZS. I took profits on CCP a little while back and got MNY & PNC.
Mkt cap re $192 mill(options etc not included)
FY profit est $19-$20 mill
PIE funds fave